Short Interest in iShares Core U.S. REIT ETF (NYSEARCA:USRT) Expands By 42.1%
by Jessica Moore · The Cerbat GemiShares Core U.S. REIT ETF (NYSEARCA:USRT – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 265,208 shares, a growth of 42.1% from the March 31st total of 186,671 shares. Based on an average daily volume of 487,281 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the shares of the stock are short sold.
Hedge Funds Weigh In On iShares Core U.S. REIT ETF
Hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in iShares Core U.S. REIT ETF during the 3rd quarter worth about $29,000. WealthShield Partners LLC acquired a new stake in shares of iShares Core U.S. REIT ETF during the 4th quarter worth approximately $29,000. CX Institutional grew its position in shares of iShares Core U.S. REIT ETF by 81.0% during the 3rd quarter. CX Institutional now owns 608 shares of the company’s stock worth $36,000 after buying an additional 272 shares during the period. Signaturefd LLC raised its stake in shares of iShares Core U.S. REIT ETF by 143.7% during the fourth quarter. Signaturefd LLC now owns 641 shares of the company’s stock worth $37,000 after buying an additional 378 shares during the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in iShares Core U.S. REIT ETF in the fourth quarter valued at approximately $38,000.
iShares Core U.S. REIT ETF Stock Up 0.5%
NYSEARCA:USRT traded up $0.29 during trading hours on Tuesday, hitting $63.72. 180,249 shares of the stock were exchanged, compared to its average volume of 470,874. The company’s 50 day moving average is $61.67 and its two-hundred day moving average is $59.45. iShares Core U.S. REIT ETF has a twelve month low of $54.88 and a twelve month high of $64.78. The company has a market capitalization of $3.72 billion, a P/E ratio of 35.32 and a beta of 1.00.
About iShares Core U.S. REIT ETF
The iShares Core U.S. REIT ETF (USRT) is an exchange-traded fund that is based on the FTSE Nareit \u002F Equity REITs – INV index, a market-cap-weighted index of US-listed REITs USRT was launched on May 1, 2007 and is managed by BlackRock.